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FACT CHECK Fact Sheet NED FC
VERA FILES FACT SHEET: Is the Philippine debt still ‘manageable’?
The COVID-19 pandemic forced the government to borrow at the historic level of P3.2 trillion to manage the unprecedented health and economic crises that included providing stimulus packages for small businesses, unemployment benefits, incentives and financial assistance for health and other essential workers. The national debt in 2021, a year after the pandemic hit, reached […]